IN DEMAND IN '07
Robert Half Identifies This Year's Hot Accounting And Finance Positions
MENLO PARK, CA -- Which accounting and finance professionals will have the most promising career prospects in 2007? Robert Half, the world’s first and largest staffing services firm specializing in accounting and finance, identified five jobs positioned for growth. The information is based on research from the company’s 2007 Salary Guide, actual candidate placements and discussions with hiring managers throughout the United States.
“There are myriad opportunities available for experienced accounting and finance professionals in today’s marketplace,” said Max Messmer, chairman and CEO of Robert Half and author of Job Hunting For Dummies®, 2nd Edition (John Wiley & Sons, Inc.). “Those who combine functional expertise with strong strategic decision-making, communication and technology skills are in the greatest demand and often can command higher compensation.”
Following are five high-growth positions for 2007 identified by Robert Half:
- Internal auditor – Companies seek internal auditors, particularly those who possess the certified internal auditor designation, to help improve internal controls and meet the compliance mandates of regulations such as the Sarbanes-Oxley Act. Reflecting the intense demand for these professionals, compensation is rising. National average starting salaries for internal audit managers at large companies (more than $250 million in sales), for example, are expected to climb 5.8 percent this year, to a range of $77,500 to $101,500.
- Compliance executive – Companies are hiring compliance executives with U.S. Securities and Exchange Commission reporting experience to help them meet ongoing corporate governance requirements. Starting salaries for chief compliance officers at large companies are predicted to rise to $132,500 to $181,250, a 14.4 percent increase, and to $111,000 to $145,500 for those at midsize companies ($25 million to $250 million in sales), up 9.3 percent from 2006 levels.
- Financial analyst – As firms expand, financial analysts are needed to assist with budgeting and forecasting initiatives and to identify how their organizations can become more profitable. Demand for these professionals is especially acute at the management and senior levels. Base pay is expected to jump 5 percent for managers with small companies (up to $25 million in sales), to between $55,750 and $70,000, and 5.6 percent for senior financial analysts at large companies, to $58,250 to $73,750.
- Staff accountant – Accountants with at least three years of experience, including in public accounting, are sought for projects related to general ledger-account maintenance, financial-statement preparation and budget development. The greatest gains in initial compensation for staff accountants are expected to take place at large companies, with starting salaries rising 5 percent, to between $41,250 and $52,500.
- External auditors – Public accounting firms are expanding their staff levels to meet rising client demand for audit services. Professionals who possess three to seven years of experience and the certified public accountant designation are particularly valued. Senior external auditors with small firms (up to $25 million in sales) will see starting salaries increase 5.2 percent, to a range of $48,750 to $63,000.
The 2007 Salary Guide from Robert Half is based on an analysis of the thousands of job placements managed by the company’s U.S. offices and includes an overview of the current hiring environment and national average starting salary ranges for positions in accounting, finance, banking and financial services. Because compensation can vary significantly by geographic area, the guide also includes a regional analysis of hiring trends and compensation variances for more than 70 U.S. markets. To learn more about the 2007 Salary Guide and order your free copy, visit www.roberthalf.com. Robert Half was founded in 1948 and is traded on the New York Stock Exchange. Its financial staffing divisions include Robert Half® Finance & Accounting, Accountemps® and Robert Half® Management Resources, for full-time, temporary and senior-level project professionals, respectively. The company has more than 350 staffing locations in North America, Europe and the Asia-Pacific region, and offers online job search services on its divisional websites, all of which can be accessed at www.roberthalf.com.